The Community Re Investment Act and the Bank Debt Crisis

The communit of reinvestment act, which we're going to push back a little bit in li when we get to it more detail. The total amount of subsidized credit that was a contractually agreed as a quid pro quo for those activist groups to show up at the mercher hearings is almost 870 billion dollars over the period 19 92. A lot of people who blame the commune re investment act for playing a role in the two thousand aight financial crisis a get challenged by sain well. In the nineteenth century has a banking structure unlike any other country on the planet. It's very hard to move funds from one branch to another and you can't spread risk across regions.